The New York Times Company (NYT) Citi's 2026 Global TMT Conference September 9, 2026 9:30 AM EDT
Company Participants
William Bardeen - Executive VP & Chief Financial Officer
Conference Call Participants
Jason Bazinet - Citigroup Inc., Research Division
Presentation
Jason Bazinet
Citigroup Inc., Research Division
Welcome, everyone. We're super excited to have Will Bardeen, CFO of The New York Times, with us this morning. Will, thank you so much for coming.
William Bardeen
Executive VP & Chief Financial Officer
Thanks, Jason. Great to be here.
Question-and-Answer Session
Jason Bazinet
Citigroup Inc., Research Division
So I want to kick off, I really like your origin story, maybe I have this wrong, but I think you -- before you became the CFO, you were, sort of, integral in designing, sort of, the firm's digital strategy. Is that fair?
William Bardeen
Executive VP & Chief Financial Officer
Yes. I think that is fair. I've been in the CFO seat for 3 years, but had begun as the head of strategy all the way back in 2010.
Jason Bazinet
Citigroup Inc., Research Division
In 2010. And I think your story is interesting just because not -- I can't think of many companies that have been as successful in this digital pivot as you have been. So I give a lot of credit for being the, sort of, architect of this. But my question is, as you've watched this strategy unspool over -- what are we now, do you say, 2010?
William Bardeen
Executive VP & Chief Financial Officer
Yes. So I mean part of the leadership team over the last, say, 15 years, that has -- I mean, I think, at this stage, fair to say, The Times has transformed into a digitally native company that's innovating rapidly.
Concurrent Investment Advisors LLC acquired a new position in shares of The New York Times Company (NYSE:NYT – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,655 shares of the company’s stock, valued at approximately $2,565,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Navalign LLC bought a new stake in shares of New York Times during the 4th quarter valued at approximately $25,000. Basecamp Wealth Advisors LLC lifted its stake in New York Times by 1,191.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock valued at $26,000 after purchasing an additional 286 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in New York Times in the fourth quarter valued at approximately $32,000. Larson Financial Group LLC boosted its position in New York Times by 59.6% in the third quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 245 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after buying an additional 739 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research analysts recently issued reports on NYT shares. UBS Group set a $75.00 price objective on shares of New York Times in a report on Tuesday, August 18th. Barclays decreased their price target on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of New York Times in a report on Friday, July 17th. Finally, Zacks Research cut shares of New York Times from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.33.
Check Out Our Latest Stock Analysis on New York Times New York Times News Summary Here are the key news stories impacting New York Times this week:
Positive Sentiment: Election coverage should support engagement. Extensive reporting on the New Hampshire Senate primary, the 2026 midterms, Republican candidates and key congressional races gives NYT opportunities to attract recurring readers during an important political news cycle. New Hampshire U.S. Senate Primary Election Results Positive Sentiment: The company is demonstrating content breadth across major news events. Reporting on tariffs between the United States and Canada, mail voting, Russia’s attack on Kyiv and China’s Arctic shipping route reinforces NYT’s role as a destination for breaking national and international news. Trump Hits Back as Canada Imposes New Tariffs on U.S. Goods Positive Sentiment: The Athletic and entertainment coverage add subscription appeal. U.S. Open updates, MLB analysis, Broadway news and film coverage broaden the company’s appeal beyond hard news and may help retention across its bundle of digital products. US Open 2026 live updates New York Times Stock Up 0.8% Shares of NYSE NYT opened at $67.79 on Wednesday. The company has a market capitalization of $10.93 billion, a PE ratio of 28.25, a P/E/G ratio of 1.75 and a beta of 0.92. The New York Times Company has a twelve month low of $54.10 and a twelve month high of $87.10. The firm has a fifty day simple moving average of $70.25 and a 200 day simple moving average of $75.34.
New York Times (NYSE:NYT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The business had revenue of $762.46 million for the quarter, compared to analysts’ expectations of $752.01 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts expect that The New York Times Company will post 2.82 earnings per share for the current fiscal year.
New York Times Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, July 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. New York Times’s dividend payout ratio is presently 38.33%.
New York Times Profile (Free Report)
The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.
Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.
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U.S. President Donald Trump's administration sided with OpenAI in a lawsuit brought by The New York Times, defending training AI models on copyrighted works, according to a court document filed Tuesday.
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New York, New York and New Orleans, Louisiana--(Newsfile Corp. - September 2, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=j1sJVrcgKOI
Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-wix/
Wix investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more.
>>>CLICK HERE for more information
CASE DETAILS: According to the Complaint, Wix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.
WHAT TO DO? If you invested in Wix and suffered a loss during the relevant time frame, you have until September 22, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner [email protected]
1-833-538-3653
1100 Poydras St., Suite 960
New Orleans, LA 70163
The Justice Department told a Manhattan federal court that it was in the national interest for the judge to find that OpenAI did not violate copyright law when it used articles by The New York Times and other publishers to develop artificial intelligence systems.
The filing late Tuesday was the first time the Justice Department weighed in on the use of copyrighted material by A.I. companies, which has led to several lawsuits, including one brought by The Times.
The Justice Department argued that developing A.I. was critical to national security, and that training A.I. systems sufficiently transformed the written works to new material allowed under copyright law. It said the benefits of A.I. “far outweigh any competitive harm.”
The government’s intervention is an escalation in the landmark litigation that could determine whether OpenAI violated the law when it was developing its A.I. systems and had harmed the news industry and other content creators.
Stanley Woodward Jr., the associate attorney general for the Justice Department, called the filing “a historic statement of interest” in a statement posted on social media, adding that President Trump had made clear that “AI dominance is critical to promote national security, prosperity, and economic mobility for all Americans.”
Graham James, a spokesman for The Times, said in a statement that the Justice Department was siding with a handful of “trillion-dollar A.I. companies” at the expense of American creators.
“The administration’s proposal to let companies take that content without permission or compensation would undermine the sustainability of the human-created content that a healthy society depends on, and which A.I. needs to function,” he said.
Representatives for OpenAI did not respond to a request for comment. Microsoft, OpenAI’s partner and a defendant in The Times’s lawsuit, declined to comment.
The Times sued OpenAI and Microsoft in late 2023, claiming that the tech companies illegally used copyrighted material to develop and deploy ChatGPT and other advanced A.I. systems. Other publishers also sued, and many of the cases were consolidated last year in the U.S. District Court for the Southern District of New York.
OpenAI and Microsoft have denied the claims and have argued that they transform the written works into new material, which would be allowed under copyright law. Judge Sidney H. Stein has given both sides until this Friday to submit motions for summary judgment.
The Times’s lawsuit is one of many amid a wave of legal action against A.I. companies over copyright claims.
This week, a group of musicians sued Suno, a start-up that creates songs using A.I., claiming that the firm used musicians’ voices and imitated their styles without permission. In May, Anthropic agreed to a record $1.5 billion settlement paid to authors and publishers after a judge ruled it had illegally downloaded and stored millions of copyrighted books.
The Trump administration, including the Justice Department, has broadly sought to support the growing A.I. sector in the United States, and it has generally been skeptical of efforts at the state and federal levels to regulate the industry.
In recent months, administration officials have also discussed the possibility of taking direct stakes in A.I. companies, according to people familiar with the discussions.
The Trump administration has filed a brief supporting OpenAI in its dispute with the New York Times (NYT.N) and other newspapers over the company's use of their work to train the large language models behind ChatGPT, saying AI training generally makes fair use of copyrighted material.
The brief, filed in Manhattan federal court on Tuesday, appears to be the first time the U.S. government has weighed in on a wave of cases brought by copyright owners including authors, publishers, music labels and news outlets over AI training. A brief has advisory rather than legal weight but could bolster tech companies as they fight the claims.
"The United States has a strong interest in this court rejecting any argument that training LLMs on copyrighted texts violates copyright law" based on concerns including scientific advancement and national security, the brief said.
Spokespeople for the Times and OpenAI did not immediately respond to requests for comment on the filing on Wednesday.
"AI dominance is critical to promote national security, prosperity, and economic mobility for all Americans," U.S. Associate Attorney General Stanley Woodward said in a statement posted to X. "This Administration will never let our Nation be at a disadvantage relative to our foreign adversaries based on a plainly incorrect understanding of copyright law."
U.S. Commerce Secretary Howard Lutnick separately told G20 officials at a meeting in North Carolina on Wednesday that their countries should embrace fair use and allow AI companies to train their models on creators' work while finding a way to "protect artists."
The Times' lawsuit, first filed in 2023, accuses OpenAI and its largest financial backer, Microsoft (MSFT.O), of using millions of newspaper articles without permission to train OpenAI's popular chatbot. The case is one of dozens brought by copyright holders against tech companies such as OpenAI, Anthropic and Meta Platforms for what they say is misuse of their material to train AI systems.
All of the pending cases will likely revolve around whether AI systems make fair use of copyrighted material by using it to create new, transformative content. The first two judges to consider the issue issued diverging rulings last year.
The government agreed on Tuesday with tech companies that AI training is "extraordinarily" transformative.
"Beyond the subject matter of this litigation, LLMs are already helping researchers across fields achieve major breakthroughs," the brief said. "Constraining LLM development under a misunderstanding of fair use doctrine would thwart such creative and scientific progress while hindering American prosperity and economic mobility."
NEW YORK--(BUSINESS WIRE)--The New York Times Company (NYSE: NYT) announced today that it will participate in the Citi Global TMT Conference on Wednesday, September 9, 2026, in New York City. William Bardeen, Executive Vice President and CFO, will participate in a fireside chat at 9:30am a.m. ET, which will be accessible via live webcast at investors.nytco.com. An archive of the webcast will be available on the company's website for one year. About The New York Times Company The New York Times.
ROCKVILLE, Md., Sept. 02, 2026 (GLOBE NEWSWIRE) -- Ascentage Pharma Group International (NASDAQ: AAPG; HKEX: 6855) (“Ascentage Pharma” or the “Company”), a global, commercial-stage, integrated biopharmaceutical company engaged in the discovery, development and commercialization of novel, differentiated therapies to address unmet medical needs in cancer, announced today that the Company’s management will participate in four upcoming investor conferences in New York, New York.
Citi’s 2026 Biopharma Back to School Conference
Format: Fireside chat and one-on-one investor meetings
Date and Time: Wednesday, September 9, 2026, 4:20 p.m. to 4:55 p.m. ET
Location: JW Marriott Essex House, 160 Central Park South, New York, NY
H.C. Wainwright 28th Annual Global Investment Conference
Format: Company presentation and one-on-one investor meetings
Date and Time: Monday, September 14, 2026, 9:00 a.m. to 9:30 a.m. ET
Location: Lotte New York Palace Hotel, 455 Madison Avenue, New York, NY
Deutsche Bank 2026 Healthcare Summit
Format: Company presentation and one-on-one investor meetings
Date: Wednesday, September 16 - Thursday, September 17, 2026
Location: Deutsche Bank Center, One Columbus Circle, New York, NY
Bernstein Insights: Healthcare Leaders and Disruptors 3rd Annual Healthcare Forum
Format: Company presentation and one-on-one investor meetings
Date: Wednesday, September 23 - Thursday, September 24, 2026
Location: New York, NY
Investors interested in scheduling a meeting with the Ascentage Pharma management team should contact their conference representative.
About Ascentage Pharma
Ascentage Pharma Group International (NASDAQ: AAPG; HKEX: 6855) (“Ascentage Pharma” or the “Company”) is a global, commercial stage, integrated biopharmaceutical company engaged in the discovery, development and commercialization of novel, differentiated therapies to address unmet medical needs in cancer. The Company has built a rich pipeline of innovative drug products and candidates that include inhibitors targeting key proteins in the apoptotic pathway, such as Bcl-2 and MDM2-p53, next-generation kinase inhibitors, and protein degraders.
The Company’s first approved product, Olverembatinib, is the first novel third-generation BCR-ABL1 inhibitor approved in China for the treatment of patients with CML in chronic phase (CML-CP) with T315I mutations, CML in accelerated phase (CML-AP) with T315I mutations, and CML-CP that is resistant or intolerant to first and second-generation TKIs. It is covered by the China National Reimbursement Drug List (NRDL). Ascentage Pharma is currently conducting an FDA- and EMA-cleared registrational Phase III trial, called POLARIS-2, of Olverembatinib for CML, as well as FDA- and EMA-cleared registrational Phase III trials for patients with newly diagnosed Ph+ ALL, called POLARIS-1, and SDH-deficient GIST patients, called POLARIS-3.
The Company’s second approved product, Lisaftoclax, is a novel Bcl-2 inhibitor for the treatment of various hematologic malignancies. Lisaftoclax has been approved by China’s National Medical Products Administration (NMPA) for the treatment of adult patients with chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL) who have previously received at least one systemic therapy including Bruton’s tyrosine kinase (BTK) inhibitors. The Company is currently conducting four global registrational Phase III trials: the FDA- and EMA-cleared GLORA study of Lisaftoclax in combination with BTK inhibitors in patients with CLL/SLL previously treated with BTK inhibitors for more than 12 months with suboptimal response; the GLORA-2 study in patients with newly diagnosed CLL/SLL; the GLORA-3 study in newly diagnosed, elderly and unfit patients with AML; and the FDA- and EMA-cleared GLORA-4 study in patients with newly diagnosed higher risk MDS.
Leveraging its robust R&D capabilities, Ascentage Pharma has built a portfolio of global intellectual property rights and entered into global partnerships and other relationships with numerous leading biotechnology and pharmaceutical companies, such as Takeda, AstraZeneca, Merck, Pfizer, and Innovent, in addition to research and development relationships with leading research institutions, such as Dana-Farber Cancer Institute, Mayo Clinic, National Cancer Institute and the University of Michigan. For more information, visit https://ascentage.com/
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, contained in this press release may be forward-looking statements, including statements that express Ascentage Pharma’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results of operations or financial condition. These forward-looking statements are subject to a number of risks and uncertainties as discussed in Ascentage Pharma’s filings with the SEC, including those set forth in the sections titled “Risk factors” and “Cautionary note regarding forward-looking statements” in its Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on April 29, 2026, the sections headed “Forward-looking Statements” and “Risk Factors” in the prospectus of the Company for its Hong Kong initial public offering dated October 16, 2019, and other filings with the SEC and/or The Stock Exchange of Hong Kong Limited where the Company’s ordinary shares are listed it has made or it makes from time to time that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. The forward-looking statements contained in this press release do not constitute profit forecast by the Company’s management.
As a result of these factors, you should not rely on these forward-looking statements as predictions of future events. The forward-looking statements contained in this press release are based on Ascentage Pharma’s current expectations and beliefs concerning future developments and their potential effects and speak only as of the date of such statements. Ascentage Pharma does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Orlando, Florida--(Newsfile Corp. - August 31, 2026) - M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company") today announced its participation at the Moody Capital Solutions 2026 Disruptive Growth & Life Sciences Conference, taking place on September 9 – 10, 2026, in New York, New York. Cameron Pforr, Chief Executive Officer, and Chris Nossokoff, Vice President – Financial Reporting, will be attending the conference, delivering an investor presentation and participating in scheduled 1-on-1 meetings with investors.
Date: Wednesday, September 9, 2026
Time: 11:05 A.M. Eastern Time
Location: The Westin New York Grand Central, 212 E 42nd St, New York, NY
Presenter: Cameron Pforr, Chief Executive Officer
More info: https://moodycapital.com/conference/
Management will speak to Mtron's continued momentum in the aerospace and defense, commercial avionics, and space sectors, including its products' use in radar, electronic warfare, commercial and defense-related airframes, precision guided munitions, drone/UAVs, and space and satellite systems. Mtron plays a key role in the U.S. national security space as a U.S.-based manufacturer of mission critical radio frequency components and solutions for both the U.S. Department of Defense as well those of our allied nations.
About the Moody Capital Solutions 2026 Disruptive Growth & Life Sciences Conference
The Moody Capital Solutions 2026 Disruptive Growth & Life Sciences Conference brings together public and private growth companies, pioneering innovators, investors, C-suite executives and industry professionals across biotechnology, medical devices, pharmaceuticals, healthcare technology and other growth industries. The two-day conference features company presentations, one-on-one investor meetings, fireside chats, capital markets and financing panels, and networking opportunities with institutional investors and family offices.
About M-tron Industries, Inc.
M-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures and markets highly-engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit www.mtron.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312253
Source: Moody Capital Solutions
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New York, New York and New Orleans, Louisiana--(Newsfile Corp. - August 31, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=j1sJVrcgKOI
Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-wix/
Wix investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more.
>>>CLICK HERE for more information
CASE DETAILS: According to the Complaint, Wix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.
WHAT TO DO? If you invested in Wix and suffered a loss during the relevant time frame, you have until September 22, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
BOSTON, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Odyssey Therapeutics, Inc. (Nasdaq: ODTX) (“Odyssey” or the “Company”), a clinical-stage biopharmaceutical company seeking to transform the standard of care for patients suffering from autoimmune and inflammatory diseases by developing medicines that precisely target disease pathology, today announced that members of its management team will participate in the following upcoming investor conferences in September:
2026 Cantor Global Healthcare Conference
Conference Dates: September 9-11, 2026
Location: New York, NY
Fireside Chat: September 9th at 8:35AM ETMorgan Stanley 24th Annual Global Healthcare Conference
Conference Dates: September 14-16, 2026
Location: New York, NY
Fireside Chat: September 14th at 10:45AM ETH.C. Wainwright 28th Annual Global Investment Conference
Conference Dates: September 14-16, 2026
Location: New York, NY
Fireside Chat: September 15th at 1:00PM ET Where available, live webcasts will be available under “News and Events” in the Investors section of the Company’s website at www.odysseytx.com. Replays of the webcasts will be made available on the Events page of Odyssey’s investor website and archived for 60 days.
About Odyssey Therapeutics
Odyssey Therapeutics is a clinical-stage biopharmaceutical company seeking to transform the standard of care for patients suffering from autoimmune and inflammatory diseases by developing medicines that are designed to precisely target disease pathology. Since its founding in 2021, Odyssey has built a portfolio of internally discovered and developed medicines with its first program advancing through multiple clinical milestones. Odyssey’s portfolio leverages the scientific expertise of its team of experienced drug hunters and a comprehensive suite of tools to efficiently advance product candidates that the Company believes have the potential to induce deep and durable remission for patients across several inflammatory diseases with unmet need.
For more information, please visit https://odysseytx.com/ and follow Odyssey on LinkedIn or X.
Contacts
Investor Relations
Collin Todd
SVP, Strategy and Business Development [email protected]
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - August 26, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=j1sJVrcgKOI
Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-wix/
Wix investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more.
>>>CLICK HERE for more information
CASE DETAILS: According to the Complaint, Wix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.
WHAT TO DO? If you invested in Wix and suffered a loss during the relevant time frame, you have until September 22, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-833-538-3653
1100 Poydras St., Suite 960
New Orleans, LA 70163
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - August 28, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=j1sJVrcgKOI
Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-wix/
Wix investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more.
>>>CLICK HERE for more information
CASE DETAILS: According to the Complaint, Wix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.
WHAT TO DO? If you invested in Wix and suffered a loss during the relevant time frame, you have until September 22, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
President Donald Trump on Sunday lashed out at NBC News "Meet the Press" host Kristen Welker, suggesting she would be reported to the Federal Communications Commission over her alleged characterization of election results.
The president slammed Welker after Trump said the "Meet the Press" host said that he has had "mixed results" with candidates he has endorsed during this election cycle. A handful of Trump's chosen candidates have lost in primaries this year, such as Minnesota gubernatorial candidate and MyPillow CEO Mike Lindell and Iowa gubernatorial candidate Rep. Randy Feenstra, R-Iowa.
"How can anyone be allowed to say this, working for freely given Public Airwaves?" Trump said in a Truth Social post. "Because of this purposeful inaccuracy, she will be reported to the FCC for rebuke or punishment."
Welker's comments were not made on Sunday's broadcast of "Meet the Press." Instead, the NBC host made the remark during a pre-show segment on a local Washington, D.C., affiliate, WRC-TV, CNN's Brian Stelter said in a post on X.
"He's going to loom large over these midterms. There's no doubt about that. He, of course, has endorsed a slate of candidates in the primaries," Welker said in that segment. "He's had some mixed results, but most recently, his pick of Senator Darline Graham, of course, the sister of the late Senator Lindsey Graham, was successful in her primary battle, so now she takes on Dr. Annie Andrews in South Carolina."
A spokesperson for NBC News said in a statement: "Kristen is one of the best in the business and we stand by her."
The president's attack on Welker comes after the Treasury Department barred economics journalists from The New York Times, The Wall Street Journal and Bloomberg from attending this week's G20 meetings in North Carolina, according to the Times.
The reporters were not granted credentials by the Treasury Department.
Nearly 300 members of the media, including one Times reporter, will have high-level access to policymakers throughout the event, a Treasury spokesperson said in a statement.
The exclusions are the latest example of the Trump administration seeking to restrict press access. Last year, the Pentagon imposed a strict new press policy that saw nearly all media outlets exit rather than sign an agreement to abide by the policy.
While Trump has long derided the news media as "fake news" and lashed out at reporters, his Federal Communications Commission chief Brendan Carr has been more willing to act on alleged bias during his second term. Last year, Carr called for action against Jimmy Kimmel over comments made on his ABC late-night show. ABC later temporarily pulled the program from the air before restoring it.
Trump appeared to direct Carr to target NBC in his social media post.
"The Press is a Disgrace to our Nation, and I hope that Chairman Brendan Carr, and the fine people of his Commission, will take this Threat to our Country very seriously," he said.
In an earlier Truth Social post, Trump expressed his displeasure with polling used by the press to forecast election results, and suggested Carr's FCC would also look into that.
"THE FAKE POLLS USED BY OUR CROOKED MEDIA ARE OUT OF CONTROL, AND SOMETHING MUST BE DONE ABOUT IT. FCC TO THE RESCUE!" the president said.
The president stormed out of an interview with Welker earlier this year after being pressed on his controversial "weaponization" fund and on evidence of his persistent claims of election fraud.
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - August 24, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=j1sJVrcgKOI
Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-wix/
Wix investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more.
>>>CLICK HERE for more information
CASE DETAILS: According to the Complaint, Wix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.
WHAT TO DO? If you invested in Wix and suffered a loss during the relevant time frame, you have until September 22, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
Abacus FCF Advisors LLC purchased a new position in shares of The New York Times Company (NYSE: NYT) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 76,966 shares of the company's stock, valued at approximately $5,386,000. Several other hedge funds also
Berkshire Hathaway (BRKA +0.83%) (BRKB +0.95%) is shuffling its portfolio again. The Omaha, Nebraska-based conglomerate filed its second-quarter 13F form with the Securities and Exchange Commission, detailing the company's huge stock portfolio and changes made since the first quarter.
Chief Executive Officer Greg Abel, who took over from the legendary Warren Buffett at the beginning of the year, was an active buyer, increasing the portfolio's size from $263 billion to $299 billion. Abel is getting the most attention for his purchase of Alphabet stock, which is now the third-largest position in the company's portfolio. He increased the size of its holdings in the company by 83%, bringing its stake to more than $36 billion.
However, I'm also intrigued by some of his smaller stock purchases. Here are three companies that Berkshire bought last quarter -- not including Alphabet.
Berkshire Hathaway has bought more shares in Lennar, a homebuilder. Image source: Getty Images.
No. 1: Delta Air Lines Delta Air Lines (DAL -2.16%) is one of the biggest airlines in the world, serving 290 destinations and operating about 5,000 flights per day. When you add Delta's partner network, the airline can get you to more than 700 destinations in 130 countries and territories.
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Operating an airline can be a tough business when you factor in jet fuel costs, competition from low-fare operators, and the overhead of purchasing and maintaining a fleet of aircraft. Operating revenue was $19.8 billion in the quarter, up 19% from a year ago.
But expenses grew even faster. Fuel costs jumped 67%, and refinery expenses were up 89%. Overall, Delta reported operating expense of $17.9 billion, up 25% from a year ago. That led to net income falling 25% year over year to $1.6 billion.
Berkshire Hathaway initiated a stake in Delta in the first quarter and increased it by 44% in the second quarter. The conglomerate now owns 8.7% of the airline, with 57.3 million shares representing a stake of about $5 billion in Delta stock.
No. 2: Lennar Lennar (LEN -1.85%) is a home construction and real estate company and one of the nation's largest homebuilders. The company delivered just over 20,500 homes in the second quarter, near the midpoint of its forecast, with an average sale price of $371,000.
However, revenue from home sales fell 2% in the quarter to $7.6 billion, with housing prices falling by an average of 5% from last year. Gross margin was 15.6%, down from 17.8% year over year, and operating earnings for the company's financial services segment fell from $157 million to $100 million.
The company is in the process of making over its business, moving from a capital-heavy land developer to a land-light strategy built on land-option platforms and option agreements. Lennar has said the change will make it more efficient, freeing up capital and improving returns on inventory and equity over the long term.
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Abel apparently sees it as a good value. Berkshire increased its stake in Lennar Class B shares by 43% in the quarter, and the conglomerate now holds 13.4 million shares of its Class A and Class B stock that represents a combined stake of almost $1.2 billion.
No. 3: The New York Times Company Berkshire used to be big into the newspaper business, operating a chain of daily papers under the Berkshire Hathaway Media Group. Buffett once said that he liked that daily newspapers essentially held monopolies in the communities they served by providing news, supermarket ads, and job listings.
All that changed with the internet, however, and Berkshire sold its last newspapers in 2020. Buffett declared that the industry was "toast."
But there are always exceptions, and one of those is The New York Times Company (NYT -0.31%). Berkshire opened a position in the company in the fourth quarter of 2025 and has been adding to it steadily. Abel tripled Berkshire's position in the first quarter this year, and in the second quarter, he increased the conglomerate's stake again, by 4%.
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The news company has transitioned to a digital model, with digital-only subscriptions up 16.4% from a year ago and digital ad revenue up 20.7%. Overall, the company has 13.4 million subscribers, of which 12.8 million are digital-only.
Total revenue was $762.5 million in the quarter, up 11%, and adjusted operating profit was $155.3 million, up 20% from last year. Berkshire Hathaway now owns 15.7 million shares of New York Times stock, or 9.8% of the company, and its stake is valued at a little more than $1 billion.
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - August 17, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=j1sJVrcgKOI
Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-wix/
Wix investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more.
>>>CLICK HERE for more information
CASE DETAILS: According to the Complaint, Wix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.
WHAT TO DO? If you invested in Wix and suffered a loss during the relevant time frame, you have until September 22, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
Another Sunday and another tricky NYT Connections to solve. If you’re looking for help with today’s puzzling NYT Connections puzzle, this guide is here to help with some extra clues and every connection for the Yellow, Blue, Green and Purple groups.
This is a very tricky Connections today so we’ll get right to it. Of course, I have to point you toward my friendly neighborhood streaming guide so that you know what shows and movies to watch this evening when you’re all done exploring the great outdoors and solving all your NYT puzzle games. Lots of good stuff out on streaming and in theaters this weekend.
ForbesWhat To Watch This Weekend: New Shows And Movies To Stream On Netflix, Hulu, Prime Video, Apple TV And MoreBy Erik Kain
Alright, let’s solve this Connections!
If you’re looking for Saturday’s Connections guide, it’s right here.
How To Play ConnectionsConnections is the second-most popular NYT Games puzzle game outside of the main crossword itself, and an extremely fun, free offering that will get your brain moving every day. Play it right here.
Play Puzzles & Games on Forbes
The goal is to take a group of 16 words and find links between four pairs of four of them. They could be specific categories of terms, or they could be little world puzzles where words may come before or after them you need to figure out. And they get more complicated from there.
There is only one set of right answers for this, and you only get a certain number of tries so you can’t just spam around until you find something. There are difficulty tiers coded by color, which will usually go from yellow, blue/green to purple as difficulty increases, so know that going in and when you start linking them together.
You pick the four words you think are linked and either you will get a solve and a lit up row that shows you how you were connected. If you’re close, it will tell you that you’re one away. Again, four mistakes you lose, but if you want to know the answers without failing, either come here, or delete your web cookies and try again. If you want to play more puzzles, you can get an NYT Games subscription to access the full archives of all past puzzles.
NYT Connections Hints And Answers – Sunday, August 16Below, we’ll get into some extra hints for each Connections group – Yellow, Blue, Green and Purple – and then the official clues and answers.
Here are today’s Connections words:
STEPFROM NEANDERGIGAGENTGRANDWISESHOWHALFPLAYERCONCERTHANDYPARTYGREATSETACTORUPRIGHTHere’s an Extra Hint for Each Connections Group🟡Yellow group – Live music.🟢Green group – A member of a group or event or incident.🔵Blue group – You might tack these onto “brother” or “mother.” 🟣Purple group – Do the evolution.One Word for Each Connections Group: 🟡Yellow group – Gig🟢Green group – Agent🔵Blue group – Grand🟣Purple group – From NeanderWhat Are Today’s Connections Groups?Alright, the full spoilers follow here as we get into what the groups are today:🟡Yellow group – Musical Performance🟢Green group – Participant🔵Blue group – Family Relationship Modifiers🟣Purple group – Descriptors for Our Human AncestorsWhat Are Today’s Connections Answers?The full-on answers are below for each group, finally inserting the four words in each category. Spoilers follow. The Connections answers are:🟡Yellow group – CONCERT, GIG, SET, SHOW🟢Green group – PLAYER, ACTOR, AGENT, PARTY🔵Blue group – HALF, STEP, GREAT, GRAND🟣Purple group – UPRIGHT, WISE, HANDY, FROM NEANDERHere’s the finished puzzle in the order I solved it:
NYT Connections
Screenshot: Erik Kain
Today’s NYT Connections is a 4/5 on the Connections Bot difficulty scale though for a bit there I thought it was going to be a 5/5. I was mostly thrown off by what I can only describe as piano red herrings. GRAND piano. CONCERT piano. Even GIG and UPRIGHT felt like pianos to me. It wasn’t until I got yellow out of the way and then focused hard on the strange FROM NEANDER term that I was able to (quite luckily) consider what our human ancestors were like: HANDY (they could use tools) and UPRIGHT (they were bipedal) and WISE (as in sapient).
After this, it was pretty clear that STEP and GRAND and GREAT and HALF were all modifiers to family members, like your half-great-step-grandfather. And all that left were the Green Words, aka “Participants” which is still the most annoying and vague of these groups in my opinion.
How’d you do on today’s Connections? Let me know on Twitter, Instagram, or Facebook.
Find more guides to Wordle, Pips and Strands on my blog where you can also follow me for TV and movie and video game coverage. Let me know if you have any fun puzzle games in your rotation that I should try on Twitter, Instagram, or Facebook. Have a great Sunday!
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - August 10, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=j1sJVrcgKOI
Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-wix/
Wix investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more.
>>>CLICK HERE for more information
CASE DETAILS: According to the Complaint, Wix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.
WHAT TO DO? If you invested in Wix and suffered a loss during the relevant time frame, you have until September 22, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
New York, New York--(Newsfile Corp. - August 10, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against iTonic Holdings Ltd. f/k/a Pheton Holdings Ltd. (NASDAQ: ITOC) (previously PTHL) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired iTonic Class A ordinary shares between September 5, 2024 and July 29, 2025, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/ITOC.
iTonic Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
PTHL was the subject of an alleged market manipulation and fraudulent promotion scheme involving social media-based misinformation and individuals impersonating financial professionals; the Company's public statements and risk disclosures failed to disclose the alleged manipulation of its stock or the risk that its securities were being artificially inflated through fraudulent trading activity; as a result, PTHL's securities were subject to an increased risk of extreme price volatility and trading halts; the Company's auditor and underwriters had previously participated in numerous foreign microcap public offerings that allegedly became targets of market manipulation schemes; and as a result, Defendants' positive statements regarding the Company's business, operations, and prospects were materially false and misleading and lacked a reasonable basis.What's Next for iTonic Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/ITOC, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in iTonic you have until September 29, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to iTonic Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for iTonic Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307790
Source: Bronstein, Gewirtz & Grossman, LLC
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USA Today's Digital Revival Is Gaining Steam, But With Plenty of RiskNew York Times NYSE: NYT reported second-quarter revenue growth across subscriptions, advertising and affiliate licensing, while executives highlighted investments in video, product development and journalism as central to the company’s long-term strategy.
Chief Executive Officer Meredith Kopit Levien said the company added 280,000 net new digital subscribers during the quarter, bringing its total subscriber base to 13.4 million. Digital subscription revenue rose 16%, supported by product expansion across news, sports, cooking and games.
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Willing and Abel: Berkshire's New CEO Makes Huge Portfolio Changes in Q1“Q2 was a great quarter for The Times,” Kopit Levien said, pointing to audience engagement with its journalism and lifestyle offerings. The company remains on track toward its next subscriber milestone of 15 million, she said.
Revenue and Profit Growth Chief Financial Officer Will Bardeen said consolidated revenue increased 11% from the prior-year period, while adjusted operating profit, or AOP, increased 16% to approximately $155 million. Adjusted diluted earnings per share rose 19% year over year to $0.69.
Digital-only subscription revenue increased 16.4% to $408 million. Total subscription revenue rose 11.7% to approximately $538 million. Total advertising revenue increased 11.3% to $149 million. Digital advertising revenue climbed 20.7% to $114 million. Affiliate, licensing and other revenue increased about 7% to $75.5 million. How Berkshire’s New York Times Bet Looks TodayBardeen said digital-only subscribers were up 13.3% year over year at the end of the quarter, while digital-only average revenue per user increased 3.1%. He attributed the ARPU growth to several factors, including the benefit of a digital bundle price increase implemented in the first quarter for a cohort of tenured subscribers, as well as retention and pricing performance as subscribers moved off promotional offers.
First-half free cash flow was approximately $266 million. The company returned about $160 million to shareholders during the period, including roughly $92 million in share repurchases and $68 million in dividends. Bardeen said free cash flow also benefited from seasonal working-capital timing and a tax-related benefit of approximately $60 million in 2026, most of which is not expected to recur after this fiscal year.
Advertising Outperforms Expectations Digital and total advertising growth both exceeded the company’s expectations in the second quarter. Kopit Levien said the performance reflected marketer demand, strong engagement across the company’s portfolio and advertising products that generate results for clients.
“Campaigns renew because the ads perform,” she said.
Management said growth was broad-based across its products, including news, games and sports. However, Kopit Levien said video has played only a relatively minor role in advertising growth so far, as the company is still focused on expanding production and engagement before scaling monetization.
Bardeen said higher-than-expected advertising revenue also contributed to adjusted operating-cost growth of 10%, which exceeded the company’s prior guidance. The primary reason was incremental variable compensation associated with financial outperformance, he said.
Sales and marketing costs also rose because of marketing and promotional spending, along with higher advertising-related costs. Bardeen said the company staffed a new middle-market advertising sales team during the quarter to pursue a segment it had not previously served.
He characterized marketing as a disciplined, variable lever rather than a structural shift in costs, noting that the company still drives most subscription starts organically through its journalism and product investments. The company increased its promotional efforts around the World Cup, which contributed to The Athletic’s largest audiences to date, according to Kopit Levien.
Video Investment and Platform Traffic Risks The company is expanding video production as it seeks to become “as preferred a brand for watching the news as it is for reading and listening,” Kopit Levien said. The Times is producing thousands of original videos per quarter across reporter-led videos, news clips, visual investigations and longer-form shows.
During the quarter, the company launched a Shows tab in its flagship app, adding a destination for long-form programming in news, opinion, culture and lifestyle. The addition complements the app’s existing Watch tab and short-form video distributed across the company’s products and external platforms.
Kopit Levien said the company is still in the early stages of its video strategy, particularly for longer-form shows, but sees an opportunity to reach new audiences and generate greater returns from its journalism investments over time.
She also acknowledged that major technology platforms continue to send less traffic to publishers. The Times is not immune to those changes, she said, but is seeking to reduce its reliance on intermediaries by investing in differentiated coverage, direct relationships with audiences, app experiences and video.
The company also recently announced a local-news product in at least one market. Kopit Levien described the initiative as an experiment involving collaboration with a local participant and said it is intended in part to support the broader local-journalism ecosystem.
Third-Quarter Outlook For the third quarter, the company expects digital-only subscription revenue to increase 12% to 15% and total subscription revenue to rise 9% to 11%. Bardeen said the subscription outlook reflects factors including subscriber growth, the mix between higher-priced bundles and lower-priced single-product subscriptions, and pricing step-up performance.
He noted that the prior-year paywalling of The Mini affects the comparison because it added lower-priced single-product subscribers to the mix in last year’s third quarter.
New York Times expects digital advertising revenue to grow by the mid- to high teens in the third quarter, with total advertising revenue expected to increase by high single digits to low double digits. Affiliate, licensing and other revenue is projected to rise by low to mid-single digits, reflecting in part a timing shift in a Wirecutter affiliate partner’s marketing promotion that occurred in the second quarter this year rather than the third quarter.
Adjusted operating costs are expected to increase 8% to 9% in the third quarter as the company continues to invest in journalism, digital products and video.
About New York Times (NYSE:NYT)The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.
Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Key Takeaways NYT shares fell 12.8% in four weeks as investors weigh growth and execution risks.NYT added 280,000 digital-only subscribers in Q2, below prior quarters' stronger gains.Digital-only subscription and advertising revenues grew, while print declines added pressure. The New York Times Company (NYT - Free Report) shares have fallen 12.8% over the past four weeks, putting attention on whether the retreat has improved the stock’s risk-reward profile.
The business still shows digital strength, but slower subscriber additions, print declines and elevated costs complicate the case. Investors must weigh recurring digital revenue growth and pricing power against those execution risks.
NYT Subscriber Growth Faces New QuestionsNYT ended the second quarter of 2026 with 13.35 million total subscribers, including 12.80 million digital-only subscribers. It added 280,000 net digital-only subscribers during the quarter, down from 310,000 in the first quarter.
The slowdown is clearer against the second half of 2025, when quarterly digital-only net additions reached 460,000 and 450,000.
Digital Revenue Supports NYT’s Business ModelDigital-only subscription revenues rose 16.4% year over year to $407.9 million in the second quarter. Digital-only average revenue per user increased 3.1% to $9.94, supported by subscribers moving from promotional offers to higher prices and pricing actions for certain tenured subscribers.
Digital advertising revenues climbed 20.7% to $114 million, helped by marketer demand and greater advertising supply. News Corporation (NWSA - Free Report) offers a relevant comparison, with Dow Jones continuing to grow digital-only subscriptions while print volume declines. Fox Corporation (FOXA - Free Report) is also leaning on digital growth, including streaming, as media companies compete for audience attention and advertising budgets.
NYT Print Declines Add PressurePrint remains a structural drag. Second-quarter print advertising revenues fell 11.1% year over year to $35.2 million, while print subscription revenues declined 0.8% to $130 million.
Print subscribers also slipped to about 550,000 from 580,000 a year earlier. That makes continued digital growth increasingly important because the newer revenue streams must absorb ongoing erosion in the legacy business.
NYT Valuation Tests Investor ConfidenceThe recent pullback has brought NYT’s forward 12-month earnings multiple down to 20.9X. That compares with 19.6X for its Zacks sub-industry, 17.2X for the Zacks sector and 20.7X for the S&P 500.
The discount from NYT’s five-year median multiple of 27.3X is meaningful, but the stock is not clearly cheap relative to current benchmarks. The Zacks Consensus Estimate calls for 2026 earnings of $2.92 per share and revenues of $3.10 billion, while the current-year earnings estimate has edged 0.3% lower over the past four weeks.
Image Source: Zacks Investment Research
NYT’s Rankings Reflect Mixed SignalsThe pullback creates a more measured valuation setup, but near-term caution remains warranted given slowing subscriber additions, print weakness and continued spending on journalism, marketing and product development. Second-quarter adjusted operating costs rose 10% year over year to $607.2 million.
NYT currently carries a Zacks Rank #4 (Sell), a short-term signal tied to earnings estimate revisions. Its Growth Score of A and Momentum Score of A point to favorable growth and momentum characteristics, while its Value Score of D indicates weaker value characteristics. The VGM Score of B is favorable, but Style Scores are designed to complement the Zacks Rank rather than override it. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways NYT reported Q2 revenue growth of 11.2% to $762.5 million, with subscription gains driving results.NYT's digital-only subscription revenue rose 16.4% as ARPU increased 3.1% to $9.94.NYT expanded digital advertising 20.7%, while video investment aims to boost engagement. The New York Times Company (NYT - Free Report) delivered second-quarter 2026 revenue growth across subscriptions, advertising and other digital businesses, while adjusted operating profit and earnings also increased. The results reinforced the strength of its digital model.
Subscriber growth remains positive, but quarterly digital-only additions have moderated from the second half of 2025. That puts more weight on engagement, pricing and newer monetization channels as NYT works toward its next subscriber milestone.
NYT Earnings Highlight Digital MomentumSecond-quarter revenues rose 11.2% year over year to $762.5 million. Digital-only subscription revenues increased 16.4% to $407.9 million, while total subscription revenues advanced 11.7% to $537.9 million. Adjusted operating profit climbed 16.1% to $155.3 million and the adjusted operating profit margin expanded 90 basis points to 20.4%.
NYT’s multi-product strategy spans News, The Athletic, Audio, Cooking, Games and Wirecutter. Subscription growth came from multiple products across the portfolio, supporting a model that can deepen engagement and create more opportunities to monetize existing audiences.
Image Source: Zacks Investment Research
NYT Advertising Gains Expand MonetizationDigital advertising revenues increased 20.7% year over year to $114 million, while total advertising revenues rose 11.3% to $149.1 million. Management attributed the digital gain to marketer demand, expanding advertising supply and engagement across News, Games, Sports and other products.
News Corporation (NWSA - Free Report) provides a relevant digital-publishing comparison, with Dow Jones continuing to expand digital-only subscriptions. Fox Corporation (FOXA - Free Report) also shows how media companies are pushing further into digital monetization through businesses such as Tubi. NYT expects third-quarter digital advertising revenues to increase in the mid-to-high teens.
NYT Video Strategy Opens New OpportunitiesVideo is becoming a larger strategic investment for NYT. The company is producing thousands of original videos across reporter-led formats, news clips, visual investigations and shows, while its Watch and Shows tabs are designed to increase discovery and engagement on owned platforms.
The monetization opportunity is still developing. Management said video currently contributes only a relatively minor share of advertising growth, leaving room for production, engagement and commercial capabilities to scale over time. The near-term trade-off is higher investment as the company builds that audience.
NYT Subscriber Trends Need MonitoringNYT ended the quarter with 13.35 million total subscribers, including 12.80 million digital-only subscribers. Management continues to target 15 million subscribers and beyond.
Sequential momentum has cooled. Digital-only net additions fell to 280,000 from 310,000 in the first quarter, after reaching 460,000 and 450,000 in the third and fourth quarters of 2025, respectively. Pricing helps offset that moderation. Digital-only average revenue per user rose 3.1% to $9.94, supported by promotional roll-offs and price increases for certain tenured subscribers.
NYT Rankings Add Context After EarningsThe earnings update supports a constructive view of NYT’s digital growth, but subscriber moderation, print declines and rising costs keep the outlook balanced. Adjusted operating costs increased 10% in the second quarter, and third-quarter guidance calls for an 8-9% increase as investment continues.
NYT currently carries a Zacks Rank #4 (Sell). It has a Growth Score of A, Momentum Score of A, Value Score of D and VGM Score of B. The growth and momentum grades point to favorable characteristics in those styles, while the weaker Value Score reflects less attractive value characteristics. Style Scores complement the Zacks Rank, so the current rank keeps the near-term signal cautious despite the stronger Growth and Momentum Scores. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - August 7, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
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Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-wix/
Wix investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more.
>>>CLICK HERE for more information
CASE DETAILS: According to the Complaint, Wix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.
WHAT TO DO? If you invested in Wix and suffered a loss during the relevant time frame, you have until September 22, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
New York, New York--(Newsfile Corp. - August 7, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against iTonic Holdings Ltd. f/k/a Pheton Holdings Ltd. (NASDAQ: ITOC) (previously PTHL) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired iTonic Class A ordinary shares between September 5, 2024 and July 29, 2025, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/ITOC.
iTonic Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
PTHL was the subject of an alleged market manipulation and fraudulent promotion scheme involving social media-based misinformation and individuals impersonating financial professionals; the Company's public statements and risk disclosures failed to disclose the alleged manipulation of its stock or the risk that its securities were being artificially inflated through fraudulent trading activity; as a result, PTHL's securities were subject to an increased risk of extreme price volatility and trading halts; the Company's auditor and underwriters had previously participated in numerous foreign microcap public offerings that allegedly became targets of market manipulation schemes; and as a result, Defendants' positive statements regarding the Company's business, operations, and prospects were materially false and misleading and lacked a reasonable basis.What's Next for iTonic Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/ITOC, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in iTonic you have until September 29, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to iTonic Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for iTonic Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307789
Source: Bronstein, Gewirtz & Grossman, LLC
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Key Takeaways NYT reported Q2 adjusted earnings of 69 cents a share, beating the consensus estimate.Digital-only subscriptions rose 16.4% as NYT saw subscriber growth and higher ARPU.Digital advertising revenue jumped 20.7% on strong marketer demand and ad supply growth. The New York Times Company (NYT - Free Report) reported second-quarter 2026 adjusted earnings of 69 cents a share, which surpassed the Zacks Consensus Estimate of 67 cents by 2.99%. The bottom line increased 19% from the year-ago quarter's adjusted earnings of 58 cents per share. Quarterly revenues rose 11.2% year over year to $762.5 million and exceeded the Zacks Consensus Estimate of $748 million by 1.94%.
The strong quarterly performance reflected continued momentum in the company's subscription-first strategy, supported by healthy digital subscriber growth, higher digital-only average revenue per user (ARPU), robust digital advertising demand and continued expansion across its diversified digital products.
NYT's Subscription Business Remains StrongTotal subscription revenues increased 11.7% year over year to $537.9 million in the reported quarter. Subscription revenues from digital-only products rose 16.4% to $407.9 million, benefiting from growth in digital-only subscribers and higher ARPU. Print subscription revenues declined 0.8% to $130 million due to lower single-copy and domestic home-delivery revenues.
The company ended the quarter with approximately 13.35 million total subscribers, including 12.80 million digital-only subscribers. Digital-only subscribers increased by approximately 1.5 million from the prior-year quarter. During the second quarter, NYT added approximately 280,000 net digital-only subscribers, which moderated from 310,000 in the first quarter of 2026.
Digital-only ARPU jumped 3.1% year over year to $9.94, primarily driven by subscribers transitioning from promotional pricing to higher-priced plans and price increases for certain tenured subscribers.
Management expects third-quarter 2026 digital-only subscription revenues to increase 12-15% year over year, while total subscription revenues are projected to grow 9-11%.
NYT's Digital Advertising Continues to Drive GrowthTotal advertising revenues increased 11.3% year over year to $149.1 million. Digital advertising revenues jumped 20.7% to $114 million, benefiting from strong marketer demand and continued growth in advertising supply. Print advertising revenues declined 11.1% year over year to $35.2 million.
Affiliate, licensing and other revenues improved 7.1% year over year to $75.5 million, primarily driven by higher Wirecutter affiliate referral revenues, which benefited from a shift in the timing of a marketing promotion by one of the company's partners.
For the third quarter, NYT expects digital advertising revenues to increase at a mid-to-high-teens rate, while total advertising revenues are projected to grow at a high-single- to low-double-digit pace. Affiliate, licensing and other revenues are expected to rise at a low-to-mid-single-digit rate.
NYT’s Operating Margin ImprovesAdjusted operating costs increased 10% year over year to $607.2 million, mainly due to higher compensation and benefits expenses related to journalism, as well as increased marketing and promotion costs.
Despite elevated investments, NYT delivered improved profitability. Adjusted operating profit rose 16.1% year over year to $155.3 million, while adjusted operating profit margin expanded 90 basis points to 20.4%.
Management expects adjusted operating costs to increase 8-9% in the third quarter as it continues investing in journalism, product innovation and audience growth initiatives.
NYT's Financial Position Remains HealthyThe New York Times ended the quarter with cash and marketable securities of $1.22 billion, up from $1.17 billion at the end of 2025. The company remained debt-free, with no borrowings outstanding under its $400 million revolving credit facility.
Net cash provided by operating activities totaled $286.5 million during the first six months of 2026, while free cash flow reached $265.7 million.
During the quarter, NYT repurchased 473,691 Class A shares for approximately $35.4 million. As of July 31, 2026, approximately $239.7 million remained available under the company's share repurchase authorization.
Capital expenditures were approximately $10 million in the quarter. Management reaffirmed expectations for 2026 capital expenditures of approximately $35-$45 million.
Final Words on NYTThe New York Times delivered another solid quarter, beating both earnings and revenue expectations as its subscription-led strategy continued to gain traction. Strong digital subscription growth, higher ARPU, robust digital advertising demand and healthy affiliate revenues helped drive double-digit revenue growth and margin expansion.
With more than 13 million subscribers, a debt-free balance sheet, healthy cash generation and continued investment in journalism, video and digital products, NYT appears well-positioned to sustain long-term growth while executing against its subscription-first strategy.
We note that shares of this Zacks Rank #3 (Hold) company have fallen 18.3% over the past three months compared with the industry’s decline of 16.1%.
Stocks Worth WatchingCompass, Inc. (COMP - Free Report) , which provides an end-to-end technology platform for residential real estate in the United States, currently sports a Zacks Rank #1 (Strong Buy). COMP has a trailing four-quarter average earnings surprise of 37.8%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Compass’ current financial-year sales and EPS implies growth of 99.7% and 320%, respectively, from the year-ago period’s actuals.
Affirm Holdings, Inc. (AFRM - Free Report) , which operates a payment network, carries a Zacks Rank #2 (Buy). AFRM has a trailing four-quarter earnings surprise of 74.9%, on average.
The Zacks Consensus Estimate for Affirm Holdings’ current financial-year revenues and EPS calls for growth of 30.6% and 720%, respectively, from the year-ago period’s reported numbers.
Arista Networks, Inc. (ANET - Free Report) , an industry leader in data-driven, client-to-cloud networking for large AI, data center, campus and routing environments, carries a Zacks Rank #2. ANET has a trailing four-quarter earnings surprise of 8.9%, on average.
The Zacks Consensus Estimate for Arista Networks’ current financial-year sales and EPS suggests growth of 28.7% and 22.2%, respectively, from the year-ago period’s actuals.
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New York Times Co. (NYT - Free Report) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.99%. A quarter ago, it was expected that this newspaper publisher would post earnings of $0.49 per share when it actually produced earnings of $0.61, delivering a surprise of +24.49%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
New York Times, which belongs to the Zacks Publishing - Newspapers industry, posted revenues of $762.46 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.94%. This compares to year-ago revenues of $685.87 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
New York Times shares have added about 8.9% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for New York Times?While New York Times has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for New York Times was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $765.69 million in revenues for the coming quarter and $2.93 on $3.09 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Publishing - Newspapers is currently in the top 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Consumer Staples sector, Celsius Holdings Inc. (CELH - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of -10.6%. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level.
Celsius Holdings Inc.'s revenues are expected to be $883.27 million, up 19.5% from the year-ago quarter.
The New York Times NYT shares fell more than 12% in trading on Wednesday after the publisher reported slower-than-expected digital subscriber growth for the second quarter and issued a weaker-than-anticipated outlook for digital subscription revenue.
The media company added about 280,000 net digital-only subscribers during the quarter, below analysts' average estimate of 295,300 compiled by Visible Alpha.
The figure also marked a slowdown from the 310,000 digital subscribers added in the previous quarter.
The Times ended the quarter with approximately 13.35 million subscribers across its print and digital products, including about 12.8 million digital-only subscribers.
Compared with a year earlier, digital-only subscriptions increased by roughly 1.5 million.
Investors also reacted to the company's guidance, with the publisher forecasting digital-only subscription revenue growth of between 12% and 15% for the current quarter.
The midpoint of that range fell below analysts' expectations of 14.2%.
Advertising business remains resilientWhile subscriber growth softened, advertising remained a bright spot.
Total advertising revenue rose 11.3% year over year to $149.1 million, exceeding analyst estimates of $146.4 million.
Digital advertising revenue climbed 20.7% to $114 million, supported by strong marketer demand and increased advertising inventory, while print advertising revenue declined 11.1% to $35.2 million.
Print subscription revenue also continued to weaken, slipping 0.8% to $130 million, primarily because of lower single-copy sales and weaker domestic home-delivery revenue.
The results highlight the growing importance of digital advertising and subscriptions as traditional print revenues continue to decline.
The New York Times continues to operate in an increasingly competitive digital media environment, where publishers are contending with changing reader habits, declining trust in news and growing disruption from artificial intelligence platforms.
Large technology companies and AI-powered search tools have increasingly affected referral traffic to publishers' websites, while competition for readers has intensified among digital-first outlets including Axios, CNN and The Verge.
To strengthen subscriber loyalty, the Times has continued bundling its core journalism with lifestyle-focused products such as product review site Wirecutter, sports publication The Athletic and gaming offerings including Wordle.
The strategy has helped the company outperform several legacy newspaper peers despite the latest slowdown in subscriber additions.
NYT remains resilient against a challenging backdrop Despite Wednesday's decline, New York Times shares remain up more than 8% this year.
The company has also attracted support from Warren Buffett's Berkshire Hathaway.
Regulatory filings show Berkshire initially disclosed ownership of about 5.07 million Times shares worth roughly $351.7 million at the end of 2025.
By mid-2026, the conglomerate had expanded its holding to more than 15.1 million shares, representing roughly a 9.4% ownership stake.
The Times' relative resilience stands in contrast with several other major US newspapers that have struggled with falling traffic and mounting financial pressure.
Earlier this year, The Washington Post announced plans to cut roughly one-third of its workforce while scaling back coverage of sports and international news.
Explaining the reductions, Executive Editor Matt Murray said the newspaper's online traffic had fallen sharply over the past three years amid the rise of artificial intelligence and acknowledged the publication was "too rooted in a different era."
The New York Times Company (NYT) Q2 2026 Earnings Call August 5, 2026 8:00 AM EDT
Company Participants
Anthony DiClemente - Senior Vice President of Investor Relations
Meredith Kopit Levien - CEO, President & Director
William Bardeen - Executive VP & Chief Financial Officer
Conference Call Participants
Jason Bazinet - Citigroup Inc., Research Division
David Karnovsky - JPMorgan Chase & Co, Research Division
Cameron Mansson-Perrone - Morgan Stanley, Research Division
Kutgun Maral - Evercore ISI Institutional Equities, Research Division
David Plaus - BofA Securities, Research Division
Benjamin Soff - Deutsche Bank AG, Research Division
Douglas Arthur - Huber Research Partners, LLC
Presentation
Operator
Good morning, and welcome to The New York Times Company's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Anthony DiClemente, Senior Vice President, Investor Relations. Please go ahead.
Anthony DiClemente
Senior Vice President of Investor Relations
Thank you, and welcome to the New York Times Company's Second Quarter 2026 Earnings Conference Call. On the call today, we have Meredith Kopit Levien, President and Chief Executive Officer; and Will Bardeen, Executive Vice President and Chief Financial Officer.
Before we begin, I would like to remind you that we'll be making forward-looking statements including about our business strategy and performance based on our current expectations. Our actual results could differ materially due to a number of risks and uncertainties described in the company's 10-K and subsequent SEC filings. We'll also be referencing non-GAAP financial measures for which there are reconciliations to GAAP measures in our earnings release at investors.nytco.com.
And with that, I will turn the call over to Meredith.
Meredith Kopit Levien
CEO, President & Director
Thanks, Anthony, and good morning, everyone. Q2 was a great quarter for the Times. Our world-class journalism and premium lifestyle content continued to draw large audiences
For the quarter ended June 2026, New York Times Co. (NYT - Free Report) reported revenue of $762.46 million, up 11.2% over the same period last year. EPS came in at $0.69, compared to $0.58 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $747.95 million, representing a surprise of +1.94%. The company delivered an EPS surprise of +2.99%, with the consensus EPS estimate being $0.67.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how New York Times performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Digital-only subscriptions: 12,800 versus 12,839 estimated by two analysts on average.Total subscriptions (Digital & Print): 13,350 compared to the 13,386 average estimate based on two analysts.Total digital-only ARPU: $9.94 versus the two-analyst average estimate of $9.85.Print subscriptions: 550 versus the two-analyst average estimate of 548.Revenues- Subscription- Digital-only subscription revenues: $407.93 million versus the two-analyst average estimate of $405.66 million. The reported number represents a year-over-year change of +16.4%.Revenues- Advertising Revenues- Total Digital: $113.96 million compared to the $111.83 million average estimate based on two analysts. The reported number represents a change of +20.7% year over year.Revenues- Advertising Revenues- Total Print: $35.16 million compared to the $34.53 million average estimate based on two analysts. The reported number represents a change of -11.1% year over year.Revenues- Affiliate, licensing and other: $75.45 million compared to the $72.59 million average estimate based on two analysts. The reported number represents a change of +7.1% year over year.Revenues- Subscription- Print subscription revenues: $129.95 million compared to the $127.99 million average estimate based on two analysts. The reported number represents a change of -0.9% year over year.Revenues- Advertising: $149.12 million versus $146.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.Revenues- Subscription: $537.88 million versus the two-analyst average estimate of $533.64 million. The reported number represents a year-over-year change of +11.7%.View all Key Company Metrics for New York Times here>>>
Shares of New York Times have returned +2.6% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
NEW YORK--(BUSINESS WIRE)--The New York Times Company (NYSE: NYT) announced today that its second-quarter 2026 financial results are available on The New York Times Company's investor relations website at investors.nytco.com. As previously announced, The New York Times Company will host its earnings conference call today at 8:00 a.m. E.T. to discuss these results. A live webcast of the earnings conference call will be available at investors.nytco.com. Participants can pre-register for the telep.
People walk by The New York Times building in Manhattan, New York City, U.S., September 16, 2025. REUTERS/Kylie Cooper/File Photo Purchase Licensing Rights, opens new tab
Aug 5 (Reuters) - The New York Times (NYT.N), opens new tab reported slower digital subscriber growth for the second quarter on Wednesday and issued a lackluster digital subscription revenue forecast, sending its shares down more than 8% in premarket trading.
Publishers are operating in a crowded market, where big tech firms and AI platforms impact search and referral traffic, while trust in news is shrinking.
The Reuters Inside Track newsletter is your essential guide to global sports news. Sign up here.
Media outlets such as Axios, CNN and The Verge are jostling to gain more readership in a busy news cycle, putting pressure on publishers such as NYT to gain market share.
NYT has been bundling its news offerings with lifestyle-focused products such as Wirecutter, sports website The Athletic and games including Wordle, as it looks to enhance value for subscribers.
The Times added about 280,000 net digital-only subscribers in the second quarter, compared with analysts' average estimate of 295,300, according to data compiled by Visible Alpha.
NYT had added 310,000 digital-only subscribers in the previous quarter.
The company expects digital-only subscription revenue of 12% to 15%, the mid-point of which was below the estimate of 14.2%.
Total advertising revenue rose by 11.3% to $149.1 million, beating an estimate of $146.4 million.
Reporting by Jaspreet Singh in Bengaluru; Editing by Pooja Desai
Our Standards: The Thomson Reuters Trust Principles., opens new tab
New York, New York--(Newsfile Corp. - August 4, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against iTonic Holdings Ltd. f/k/a Pheton Holdings Ltd. (NASDAQ: ITOC) (previously PTHL) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired iTonic Class A ordinary shares between September 5, 2024 and July 29, 2025, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/ITOC.
iTonic Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
PTHL was the subject of an alleged market manipulation and fraudulent promotion scheme involving social media-based misinformation and individuals impersonating financial professionals; the Company's public statements and risk disclosures failed to disclose the alleged manipulation of its stock or the risk that its securities were being artificially inflated through fraudulent trading activity; as a result, PTHL's securities were subject to an increased risk of extreme price volatility and trading halts; the Company's auditor and underwriters had previously participated in numerous foreign microcap public offerings that allegedly became targets of market manipulation schemes; and as a result, Defendants' positive statements regarding the Company's business, operations, and prospects were materially false and misleading and lacked a reasonable basis.What's Next for iTonic Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/ITOC, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in iTonic you have until September 29, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to iTonic Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for iTonic Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307788
Source: Bronstein, Gewirtz & Grossman, LLC
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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In PicS To Contact Him Directly To Discuss Their Options
If you purchased or acquired PicS Class A Common stock in and/or traceable to PicS' January 30, 2026 initial public offering ("IPO") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - August 3, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) and reminds investors of the August 4, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) PicS N.V. had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (2) as a result of the new procedures PicS N.V. had implemented in December 2025, PicS N.V. had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (3) PicS N.V. had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the offering documents; (4) the IPO's offering documents had materially overstated the quality and ability of PicS N.V.'s credit models and user data to inform PicS N.V.'s underwriting practices and to allow PicS N.V. to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (5) PicS N.V. suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS N.V. to continue to worsen following the IPO, materially impairing PicS N.V.'s business, operations, and financial results.
On or around January 29, 2026, PicPay conducted its initial public offering ("IPO"), selling 22.86 million Class A common shares priced at $19.00 per share.
Then, on March 18, 2026, PicPay released its fourth quarter 2025 financial results and revealed that, as part of the Company's "annual review of expected credit loss parameters," it had made several "enhancements" to its Expected Credit Loss ("ECL") calculations, and "implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3." Consequently, "R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 [$17.56 million USD]." Stage 3 is the Company's highest risk category for its credit portfolio.
On this news, PicPay's stock price fell $3.56 per share, or 22.5%, to close at $12.27 per share on March 19, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding PicS' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the PicS N.V. class action, go to www.faruqilaw.com/PICS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the PicS N.V. Securities Class Action Lawsuit:
What is the PicS N.V. securities fraud lawsuit about?
The PicS N.V. securities fraud lawsuit is a federal securities class action alleging that PicS N.V. (NASDAQ: PICS) and its executives made false and misleading statements to investors in connection with the Company's January 30, 2026 IPO by concealing that the Company had already identified deficiencies in its credit evaluation procedures in December 2025, had reclassified approximately R$590 million of exposures from Stage 2 to Stage 3 (its highest credit risk category) resulting in an incremental expected credit loss charge of R$88 million, and was experiencing a Stage 3 formation rate exceeding 7% in Q4 2025 - a significant deviation from the historical trends presented in the IPO's offering documents. As the truth emerged on March 18, 2026, when PicS disclosed these credit portfolio deteriorations as part of its Q4 2025 financial results, PICS shares fell $3.56 per share, or 22.5%, to close at $12.27 - well below the $19.00 IPO price - causing significant losses for investors.
Who may be eligible to participate in the PicS N.V. class action lawsuit?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the Company's January 30, 2026 initial public offering and suffered financial losses may be eligible to participate in the PicS securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former PicS employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment in the PicS N.V. lawsuit?
A lead plaintiff in the PicS N.V. class action is a court-appointed investor - typically the one with the largest financial interest in the case - who directs and oversees the litigation on behalf of all class members. Any PicS investor who purchased PICS Class A common stock in or traceable to the IPO may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is August 4, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased PicS N.V. stock in the IPO?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the January 30, 2026 IPO and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the PicS N.V. securities class action is August 4, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/PICS for more information.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307824
Source: Faruqi & Faruqi LLP
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New York, New York and New Orleans, Louisiana--(Newsfile Corp. - August 3, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
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Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-wix/
Wix investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more.
>>>CLICK HERE for more information
CASE DETAILS: According to the Complaint, Wix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.
WHAT TO DO? If you invested in Wix and suffered a loss during the relevant time frame, you have until September 22, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
Key Takeaways NYT's quarterly results will spotlight digital subscription growth and advertising revenue trends.Bundled products, pricing actions and subscriber retention are expected to support subscription revenues.Print weakness and higher spending on product development, marketing and administration may pressure margins. The New York Times Company (NYT - Free Report) is set to announce its second-quarter 2026 earnings results on Aug. 5, before the market opens. Key focus areas include subscription growth and trends in advertising revenues.
The Zacks Consensus Estimate for second-quarter revenues is pegged at $748 million, indicating a 9.1% rise from the prior-year period.
This diversified media conglomerate is also expected to show improvement in the bottom line. The consensus estimate for earnings per share has remained steady at 67 cents over the past 30 days, suggesting a 15.5% increase from the year-ago period.
The New York Times Company has a trailing four-quarter earnings surprise of 12.7%, on average. In the last reported quarter, the company surpassed the Zacks Consensus Estimate for EPS by 24.5%.
Factors Likely to Have Shaped NYT’s Q2 OutcomeThe New York Times Company’s second-quarter performance is likely to have benefited from the continued strength of its digital subscription business, supported by sustained demand for its premium news and lifestyle offerings. Management has consistently emphasized that its strategy of building direct relationships with readers through a diversified portfolio of products, including News, Games, Cooking, The Athletic, Audio and Wirecutter, continues to deepen user engagement. The company has also highlighted healthy subscriber retention, successful pricing actions and growing engagement across its bundled offerings, all of which are expected to have supported subscription revenues during the quarter.
On its last earnings call, management projected a 10-12% year-over-year increase in total subscription revenues for the second quarter, with digital-only subscription revenues anticipated to rise 14-17%. The New York Times Company's expanding subscriber base is central to its growth strategy. The Zacks Consensus Estimate indicates the digital-only subscriber count to be 12.84 million by the end of the second quarter.
The New York Times has benefited from robust marketer demand, supported by strong audience engagement across multiple content categories, including news, sports, games and lifestyle products. Management has noted that expanding advertising inventory across its digital properties while maintaining a consumer-first experience has strengthened advertiser interest. Its growing first-party data capabilities and broad portfolio of premium content are also likely to have helped attract advertising spending and supported healthy monetization during the second quarter. Management had guided a high-teens increase in digital advertising revenues for the quarter under review.
The company’s ongoing investments in product innovation and content quality are also likely to have remained supportive of second-quarter performance. Management continues to expand video journalism, launch new digital features and enhance user experiences across its platforms to strengthen engagement and attract new audiences. The strategy of leveraging high-quality journalism alongside premium lifestyle content has helped reinforce the company’s competitive position while creating multiple avenues for monetization through subscriptions, advertising and licensing. These long-term initiatives are likely to have supported overall business momentum in the quarter.
On the flip side, The New York Times Company’s second-quarter performance may have continued to face headwinds from its print business, where subscription and advertising trends have remained under pressure. The consensus estimate for print subscription revenues stands at $128 million, down 2.3%, while print advertising revenues are expected to fall 12.7% to $34.5 million. Higher spending on product development, marketing and administrative functions may have weighed on margins. Management had guided an 8-9% increase in adjusted operating costs for the quarter under review.
What the Zacks Model Predicts for NYTAs investors prepare for The New York Times Company’s second-quarter results, the question looms regarding an earnings beat or miss. Our proven model does not conclusively predict an earnings beat for The New York Times Company this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here.
The New York Times Company has a Zacks Rank #3 but an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable CombinationHere are three more companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
SanDisk Corporation (SNDK - Free Report) is scheduled to report fourth-quarter fiscal 2026 results on Aug. 5. Currently, it has an Earnings ESP of +4.13% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for SanDisk’s fourth-quarter earnings is pegged at $34.24 per share, indicating a year-over-year increase from 29 cents reported in the year-ago period. Earnings estimates for the quarter have been revised upward by 2.8% over the past 30 days.
Western Digital Corporation (WDC - Free Report) is scheduled to report fourth-quarter fiscal 2026 results on Aug. 5. Currently, it has an Earnings ESP of +3.22% and sports a Zacks Rank #1.
The Zacks Consensus Estimate for Western Digital’s fourth-quarter earnings is pegged at $3.35 per share, calling for a year-over-year surge of 101.8%. Earnings estimates for the quarter have been revised upward by a penny in the past 30 days.
MKS Inc. (MKSI - Free Report) is scheduled to report second-quarter 2026 results on Aug. 5. Currently, it has an Earnings ESP of +1.59% and carries a Zacks Rank #2.
The Zacks Consensus Estimate for MKS’ second-quarter earnings is pegged at $2.94 per share, calling for a year-over-year jump of 66.1%. Earnings estimates for the quarter have been revised upward by a penny in the past seven days.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In PicS To Contact Him Directly To Discuss Their Options
If you purchased or acquired PicS Class A Common stock in and/or traceable to PicS' January 30, 2026 initial public offering ("IPO") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - August 2, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) and reminds investors of the August 4, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) PicS N.V. had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (2) as a result of the new procedures PicS N.V. had implemented in December 2025, PicS N.V. had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (3) PicS N.V. had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the offering documents; (4) the IPO's offering documents had materially overstated the quality and ability of PicS N.V.'s credit models and user data to inform PicS N.V.'s underwriting practices and to allow PicS N.V. to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (5) PicS N.V. suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS N.V. to continue to worsen following the IPO, materially impairing PicS N.V.'s business, operations, and financial results.
On or around January 29, 2026, PicPay conducted its initial public offering ("IPO"), selling 22.86 million Class A common shares priced at $19.00 per share.
Then, on March 18, 2026, PicPay released its fourth quarter 2025 financial results and revealed that, as part of the Company's "annual review of expected credit loss parameters," it had made several "enhancements" to its Expected Credit Loss ("ECL") calculations, and "implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3." Consequently, "R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 [$17.56 million USD]." Stage 3 is the Company's highest risk category for its credit portfolio.
On this news, PicPay's stock price fell $3.56 per share, or 22.5%, to close at $12.27 per share on March 19, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding PicS' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the PicS N.V. class action, go to www.faruqilaw.com/PICS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the PicS N.V. Securities Class Action Lawsuit:
What is the PicS N.V. securities fraud lawsuit about?
The PicS N.V. securities fraud lawsuit is a federal securities class action alleging that PicS N.V. (NASDAQ: PICS) and its executives made false and misleading statements to investors in connection with the Company's January 30, 2026 IPO by concealing that the Company had already identified deficiencies in its credit evaluation procedures in December 2025, had reclassified approximately R$590 million of exposures from Stage 2 to Stage 3 (its highest credit risk category) resulting in an incremental expected credit loss charge of R$88 million, and was experiencing a Stage 3 formation rate exceeding 7% in Q4 2025 — a significant deviation from the historical trends presented in the IPO's offering documents. As the truth emerged on March 18, 2026, when PicS disclosed these credit portfolio deteriorations as part of its Q4 2025 financial results, PICS shares fell $3.56 per share, or 22.5%, to close at $12.27 — well below the $19.00 IPO price — causing significant losses for investors.
Who may be eligible to participate in the PicS N.V. class action lawsuit?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the Company's January 30, 2026 initial public offering and suffered financial losses may be eligible to participate in the PicS securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former PicS employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment in the PicS N.V. lawsuit?
A lead plaintiff in the PicS N.V. class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any PicS investor who purchased PICS Class A common stock in or traceable to the IPO may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is August 4, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased PicS N.V. stock in the IPO?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the January 30, 2026 IPO and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the PicS N.V. securities class action is August 4, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/PICS for more information.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307467
Source: Faruqi & Faruqi LLP
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
United States Department of Justice logo and U.S. flag are seen in this illustration created on April 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesAug 1 (Reuters) - The Justice Department has subpoenaed the records of a freelance journalist for the New York Times as part of a probe into the sourcing of a 2025 story about a botched U.S. military operation in North Korea, the newspaper said on Saturday.
Freelancer Matthew Cole was subpoenaed in February by Virginia prosecutors seeking more than two years' worth of his notes as well as his testimony, according to the newspaper. Reuters could not immediately independently verify the information, but a spokesman for the Times said Cole is disclosing the subpoena.
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“We support Matthew Cole’s decision to make public a subpoena that the government has attempted to keep secret," New York Times spokesperson Charlie Stadtlander said in an emailed statement.
The story, opens new tab co-written by Cole detailed how Navy SEALs in early 2019 killed several unarmed North Koreans during a mission to plant a listening device near the country's coast, citing two dozen unnamed sources.
A spokesperson for the Justice Department did not address Cole's specific case, but said that the DOJ "will use all available legal tools to uncover those who unlawfully disclose national defense information."
Stadtlander called the subpoena of Cole "another brazen and illegal attack from the administration designed to deny the public information of vital importance.”
The New York Times article said the newspaper is paying for Cole's legal representation.
Cole's reporting "helps the public understand what the government is doing in its name," said his attorney, David A. O'Neil.
"He will not be intimidated by efforts to suppress information that the administration considers unflattering," O'Neil said.
Reporting by Ernest Scheyder; Editing by Sergio Non, Alistair Bell and Mark Porter
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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In PicS To Contact Him Directly To Discuss Their Options
If you purchased or acquired PicS Class A Common stock in and/or traceable to PicS' January 30, 2026 initial public offering ("IPO") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - August 1, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) and reminds investors of the August 4, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) PicS N.V. had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (2) as a result of the new procedures PicS N.V. had implemented in December 2025, PicS N.V. had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (3) PicS N.V. had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the offering documents; (4) the IPO's offering documents had materially overstated the quality and ability of PicS N.V.'s credit models and user data to inform PicS N.V.'s underwriting practices and to allow PicS N.V. to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (5) PicS N.V. suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS N.V. to continue to worsen following the IPO, materially impairing PicS N.V.'s business, operations, and financial results.
On or around January 29, 2026, PicPay conducted its initial public offering ("IPO"), selling 22.86 million Class A common shares priced at $19.00 per share.
Then, on March 18, 2026, PicPay released its fourth quarter 2025 financial results and revealed that, as part of the Company's "annual review of expected credit loss parameters," it had made several "enhancements" to its Expected Credit Loss ("ECL") calculations, and "implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3." Consequently, "R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 [$17.56 million USD]." Stage 3 is the Company's highest risk category for its credit portfolio.
On this news, PicPay's stock price fell $3.56 per share, or 22.5%, to close at $12.27 per share on March 19, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding PicS' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the PicS N.V. class action, go to www.faruqilaw.com/PICS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the PicS N.V. Securities Class Action Lawsuit:
What is the PicS N.V. securities fraud lawsuit about?
The PicS N.V. securities fraud lawsuit is a federal securities class action alleging that PicS N.V. (NASDAQ: PICS) and its executives made false and misleading statements to investors in connection with the Company's January 30, 2026 IPO by concealing that the Company had already identified deficiencies in its credit evaluation procedures in December 2025, had reclassified approximately R$590 million of exposures from Stage 2 to Stage 3 (its highest credit risk category) resulting in an incremental expected credit loss charge of R$88 million, and was experiencing a Stage 3 formation rate exceeding 7% in Q4 2025 — a significant deviation from the historical trends presented in the IPO's offering documents. As the truth emerged on March 18, 2026, when PicS disclosed these credit portfolio deteriorations as part of its Q4 2025 financial results, PICS shares fell $3.56 per share, or 22.5%, to close at $12.27 — well below the $19.00 IPO price — causing significant losses for investors.
Who may be eligible to participate in the PicS N.V. class action lawsuit?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the Company's January 30, 2026 initial public offering and suffered financial losses may be eligible to participate in the PicS securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former PicS employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment in the PicS N.V. lawsuit?
A lead plaintiff in the PicS N.V. class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any PicS investor who purchased PICS Class A common stock in or traceable to the IPO may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is August 4, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased PicS N.V. stock in the IPO?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the January 30, 2026 IPO and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the PicS N.V. securities class action is August 4, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/PICS for more information.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307351
Source: Faruqi & Faruqi LLP
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
The New York Times Company has successfully transformed into a digital-first enterprise, driving robust growth in digital subscriptions and advertising. NYT's Q1 2026 saw revenue up 12% year-over-year, digital-only subscribers up 13.2%, and digital advertising revenue up 31.6%. Profitability is rising, with strong net income, cash flow, and a debt-free balance sheet; however, shares are considered expensive relative to peers.
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - July 31, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of PicS who were adversely affected if they purchased the Company's Class A common stock in and/or traceable to its January 30, 2026 initial public offering (the "IPO"). This action is pending in the United States District Court for the Southern District of New York.
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Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-pics/
PicS investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-pics/ to learn more.
CASE DETAILS: According to the Complaint, PicS and certain of its executives are charged with failing to disclose material information in the Offering Documents, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) in December 2025, the Company determined that its credit assessment procedures were deficient and required enhancement; (ii) following implementation of revised procedures, the Company reclassified approximately R$590 million of exposures from Stage 2 to Stage 3, resulting in an incremental ECL charge of R$88 million for the quarter ended December 31, 2025; (iii) the Company experienced an undisclosed Stage 3 formation rate exceeding 7% in the fourth quarter of 2025, materially departing from the historical trends disclosed in the offering documents; (iv) the offering documents materially overstated the effectiveness of PicS N.V.'s credit models, user data, and underwriting and risk-monitoring capabilities; and (v) prior to the IPO, PicS N.V.'s expansion into riskier business lines had led to deteriorating credit quality, increased default and impairment risk, and adverse financial and operational trends that were expected to continue worsening and materially impact the Company's business and financial results.
The case is FirstFire Global Opportunities Fund, LLC v. PicS N.V., No. 26-cv-04793.
WHAT TO DO? If you invested in PicS and suffered a loss during the relevant time frame, you have until August 4, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - July 31, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
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Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-wix/
Wix investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more.
>>>CLICK HERE for more information
CASE DETAILS: According to the Complaint, Wix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix's AI product offerings; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.
WHAT TO DO? If you invested in Wix and suffered a loss during the relevant time frame, you have until September 22, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
New York state sued prediction market platform Kalshi on Friday, alleging that the company is running an "illegal gambling operation."
In a case filed in a Manhattan state court, the lawsuit claims that Kalshi accepts wagers as a gambling business in disregard for the state's constitution and laws by not being registered with the New York State Gaming Commission.
"No matter what they call themselves, prediction markets like Kalshi are gambling platforms, plain and simple," said New York Attorney General Letitia James in a press release announcing the lawsuit. "By ignoring our laws, Kalshi is running an illegal operation and harming New Yorkers in the process."
Governor Kathy Hochul in the press release said the state is taking the action to stop what it views as illegal behavior and bring the company into compliance with New York law. The lawsuit is seeking a permanent injunction against Kalshi.
Kalshi, which has its headquarters offices in New York City, expressed disappointment with the decision by the state.
"It's sad to see this type of political theater from the leadership in our own state," a Kalshi spokesperson said in a statement. "States can't just shut down a federally licensed exchange… We love New York, we love New Yorkers, and New Yorkers love our product."
The suit by the state is also seeking a total restitution to users who have placed trades on the platform, a $100,000 penalty for each attempt to offer sports wagering, and another penalty three times the amount the company has gained while allegedly operating in violation of New York law.
Kalshi originally sued New York state in October after the state's Gaming Commission sent a cease and desist letter to the company. Earlier this month, a judge for the Southern District of New York denied the company's request for a preliminary injunction and temporary restraining order against the commission.
The same judge denied a request by Kalshi earlier this month for an injunction pending an appeal.
The Commodity Futures Trading Commission, which sees itself as the federal regulator for prediction markets, filed for a temporary restraining order against enforcement actions by New York just before the state's lawsuit was announced. That comes after the CFTC in April sued the state, requesting a permanent injunction from enforcing its state laws on commission-registered platforms.
States across the country are locked in battles with the federal government and platforms over prediction markets, which have seen their volumes surge as their sports-related event contracts have become popular with retail traders.
Kalshi — along with other prediction market platforms — and the CFTC believe all event contracts are swaps, and thus are exclusively regulated by the commission. However, states across the country believe the sports offerings are equivalent to sports betting, which is regulated by them.
44 state attorneys General on Monday sent a letter to the CFTC, claiming that the commission has no right to regulate sports-related event contracts, as part of a public comment period for the agency's first draft of regulations on prediction markets.
While New York cited Kalshi's sports offering as the reason for its lawsuit, the state also went further. It claims in the lawsuit that the company's elections, culture and some other event contract offerings also put it in contradiction with the state's laws.
Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In PicS To Contact Him Directly To Discuss Their Options
If you purchased or acquired PicS Class A Common stock in and/or traceable to PicS' January 30, 2026 initial public offering ("IPO") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - July 30, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) and reminds investors of the August 4, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) PicS N.V. had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (2) as a result of the new procedures PicS N.V. had implemented in December 2025, PicS N.V. had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (3) PicS N.V. had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the offering documents; (4) the IPO's offering documents had materially overstated the quality and ability of PicS N.V.'s credit models and user data to inform PicS N.V.'s underwriting practices and to allow PicS N.V. to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (5) PicS N.V. suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS N.V. to continue to worsen following the IPO, materially impairing PicS N.V.'s business, operations, and financial results.
On or around January 29, 2026, PicPay conducted its initial public offering ("IPO"), selling 22.86 million Class A common shares priced at $19.00 per share.
Then, on March 18, 2026, PicPay released its fourth quarter 2025 financial results and revealed that, as part of the Company's "annual review of expected credit loss parameters," it had made several "enhancements" to its Expected Credit Loss ("ECL") calculations, and "implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3." Consequently, "R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 [$17.56 million USD]." Stage 3 is the Company's highest risk category for its credit portfolio.
On this news, PicPay's stock price fell $3.56 per share, or 22.5%, to close at $12.27 per share on March 19, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding PicS' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the PicS N.V. class action, go to www.faruqilaw.com/PICS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the PicS N.V. Securities Class Action Lawsuit:
What is the PicS N.V. securities fraud lawsuit about?
The PicS N.V. securities fraud lawsuit is a federal securities class action alleging that PicS N.V. (NASDAQ: PICS) and its executives made false and misleading statements to investors in connection with the Company's January 30, 2026 IPO by concealing that the Company had already identified deficiencies in its credit evaluation procedures in December 2025, had reclassified approximately R$590 million of exposures from Stage 2 to Stage 3 (its highest credit risk category) resulting in an incremental expected credit loss charge of R$88 million, and was experiencing a Stage 3 formation rate exceeding 7% in Q4 2025 - a significant deviation from the historical trends presented in the IPO's offering documents. As the truth emerged on March 18, 2026, when PicS disclosed these credit portfolio deteriorations as part of its Q4 2025 financial results, PICS shares fell $3.56 per share, or 22.5%, to close at $12.27 - well below the $19.00 IPO price - causing significant losses for investors.
Who may be eligible to participate in the PicS N.V. class action lawsuit?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the Company's January 30, 2026 initial public offering and suffered financial losses may be eligible to participate in the PicS securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former PicS employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment in the PicS N.V. lawsuit?
A lead plaintiff in the PicS N.V. class action is a court-appointed investor - typically the one with the largest financial interest in the case - who directs and oversees the litigation on behalf of all class members. Any PicS investor who purchased PICS Class A common stock in or traceable to the IPO may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is August 4, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased PicS N.V. stock in the IPO?
Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the January 30, 2026 IPO and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the PicS N.V. securities class action is August 4, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/PICS for more information.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307119
Source: Faruqi & Faruqi LLP
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Shares of The New York Times Company (NYSE:NYT – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $83.2222.
A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Citigroup reissued a “neutral” rating on shares of New York Times in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Bank of America lowered their price target on shares of New York Times from $87.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 24th. Finally, UBS Group set a $80.00 price objective on shares of New York Times in a report on Wednesday, June 24th.
Get Our Latest Stock Analysis on NYT
Insider Activity at New York Times In other New York Times news, Director David S. Perpich sold 9,000 shares of New York Times stock in a transaction on Monday, May 11th. The stock was sold at an average price of $77.06, for a total value of $693,540.00. Following the completion of the transaction, the director directly owned 28,469 shares of the company’s stock, valued at $2,193,821.14. The trade was a 24.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Bardeen sold 4,121 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $77.85, for a total value of $320,819.85. Following the completion of the transaction, the executive vice president directly owned 14,560 shares of the company’s stock, valued at approximately $1,133,496. This trade represents a 22.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 17,121 shares of company stock worth $1,310,920. Company insiders own 1.90% of the company’s stock.
Institutional Investors Weigh In On New York Times Large investors have recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in New York Times by 4.2% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,366 shares of the company’s stock valued at $282,000 after purchasing an additional 135 shares during the period. Andina Capital Management LLC increased its holdings in shares of New York Times by 1.7% in the fourth quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock worth $612,000 after purchasing an additional 147 shares during the period. Jackson Thornton Wealth Management LLC raised its position in shares of New York Times by 3.5% in the fourth quarter. Jackson Thornton Wealth Management LLC now owns 4,355 shares of the company’s stock worth $302,000 after buying an additional 148 shares in the last quarter. Bessemer Group Inc. raised its position in shares of New York Times by 34.4% in the first quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock worth $58,000 after buying an additional 176 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in shares of New York Times by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 17,944 shares of the company’s stock worth $1,246,000 after buying an additional 189 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.
Key New York Times News Here are the key news stories impacting New York Times this week:
Positive Sentiment: Strong financial backdrop: New York Times recently exceeded quarterly earnings and revenue expectations, with revenue rising 12% year over year. That performance supports confidence in the company’s digital-subscription strategy and helps explain continued strength in the stock. Positive Sentiment: Broad, high-profile coverage may support engagement: NYT published extensive coverage of artificial intelligence, the Federal Reserve, tariffs, geopolitical conflicts, natural disasters and entertainment. Sustained breadth across news and culture can help attract subscribers and maintain advertising and subscription engagement. Federal Reserve article Neutral Sentiment: Macro coverage remains important but not directly financial: Articles on interest-rate policy, AI infrastructure demand, tariffs, Medicare subsidies and international conflicts could influence the economic environment for advertisers and consumers, but they do not represent new NYT financial guidance. AI infrastructure article Negative Sentiment: $15 billion Trump lawsuit remains active: A federal judge declined to dismiss President Trump’s defamation case against The New York Times at this stage, although the complaint must be amended. The procedural ruling preserves legal uncertainty, potential defense costs and reputational risk, even though it does not determine the lawsuit’s merits. Trump lawsuit article New York Times Stock Up 3.5% Shares of NYT stock opened at $77.78 on Monday. The firm has a 50 day moving average price of $73.83 and a two-hundred day moving average price of $76.19. The company has a market capitalization of $12.59 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.96. New York Times has a 12-month low of $51.03 and a 12-month high of $87.10.
New York Times (NYSE:NYT – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.49 by $0.12. The company had revenue of $712.24 million for the quarter, compared to the consensus estimate of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, research analysts expect that New York Times will post 2.93 EPS for the current year.
New York Times Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, July 8th. New York Times’s payout ratio is 39.48%.
New York Times Company Profile (Get Free Report)
The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.
Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.
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